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it is having an impact on iran's economy. there should be a way in which they can enjoy peaceful nuclear power while still meeting their international obligations and providing clear assurances to the international community that they're not pursuing a nuclear weapon so, yes, i will try to make a push in the coming months to see if we can open up a dialogue between iran and not just us but the international community to see if we can get this thing resolved. i can't promise that iran will walk through the door that they need to walk through, but that would be very much the preferable option. [ inaudible question ] >> i won't talk about details of the negotiations but i think it is fair to say that we want to get this resolved and we're not going to be constrained by diplomatic niceties or protocols. if iran is serious about wanting to resolve this, they'll be in a position to resolve it. >> just prior to the election there was talk that talks might be imminent -- >> that was not true and it's not true as of today. okay? just
it is having an impact on iran's economy. there should be a way in which they can enjoy peaceful nuclear power while still meeting their international obligations and providing clear assurances to the international community that they're not pursuing a nuclear weapon so, yes, i will try to make a push in the coming months to see if we can open up a dialogue between iran and not just us but the international community to see if we can get this thing resolved. i can't promise that iran will walk...
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Nov 15, 2012
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it's jobs and the economy. do you know, larry, there are 2.3 million hispanic small business owners in this country, roughly one in ten hispanic households is a small business owner. and yet republicans did a lousy job making the case that the obama policies are killing small business and destroying jobs. we've got to do a better job. >> look, i worked for president reagan, jack kemp was a mentor of mine. george w. bush did very well, former governor of texas, obviously, former president bush. i mean, the gop, it needs an inclusive message. it needs a welcoming message, it seems to me. it needs to stop even hinting that we're going to deport 12 million or 15 million people. we heard all that in the last election, and it was a killer for the republican party. >> there is no doubt that our rhetoric hurts us. i think most americans agree in broad outlines on immigration that we, number one, need to get serious about securing our borders and stopping illegal immigration. but number two, we should remain a nation th
it's jobs and the economy. do you know, larry, there are 2.3 million hispanic small business owners in this country, roughly one in ten hispanic households is a small business owner. and yet republicans did a lousy job making the case that the obama policies are killing small business and destroying jobs. we've got to do a better job. >> look, i worked for president reagan, jack kemp was a mentor of mine. george w. bush did very well, former governor of texas, obviously, former president...
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Nov 13, 2012
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grow and help our economy create jobs. and you know there are obviously a whole host of other issues that are out there and that he and other have to contend with and he and others are doing that. but his focus now is on working with congress to move the country forward economically. >> senator collins says that it's imperative that general patreaus testify in the hearings on benghazi. we've heard similar statemented from senator feinstein. is it appropriate for the former cia director to testify given what happened at time and given his own review? >> one, it's up to congress to make decisions about who is called to testify. but the president is confident that acting director moral is fully informed of representing the krichlt a cia about the inc benghazi. >> i want to go back to something asked about ambassador rice. if she are were to go before a senate confirmation hearing hypothetically -- >> for you i'll break the hypothetical rule, nobody else. >> thank you. if she were to go before a national confirmation hearing,
grow and help our economy create jobs. and you know there are obviously a whole host of other issues that are out there and that he and other have to contend with and he and others are doing that. but his focus now is on working with congress to move the country forward economically. >> senator collins says that it's imperative that general patreaus testify in the hearings on benghazi. we've heard similar statemented from senator feinstein. is it appropriate for the former cia director to...
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> welcome back, everybody. we're going to introduce our next guest. thomas jefferson, of course, one of our most revered founding fathers, the author of the declaration of independence and the third president of the united states. in recent years, though, some of the more sela tchselacious deta caught people's attention. the author is jon meacham. nice to have you back. >> thank you, soledad. >> you approach it very differently than past biographers have. why this direction? >> one of my many flaws is that i like politicians. >> i'm so sorry, sir. >> i know. >> you need help. >> it keeps us all not missing any mooep mealeals, especially . i think we have to know as much as we possibly can about people who are engaged in political work. >> how would you describe thomas jefferson in ways that -- you say he's a seducer? >> oh, my gosh, yes, terrific retail politician. wonderful eyes. women tended to swoon for him. he did not, howeve
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> welcome back, everybody. we're going to introduce our next guest. thomas jefferson, of course, one of our most revered founding fathers, the author of the declaration of independence and the third president of the united states. in recent years, though, some of the more sela tchselacious deta caught people's attention. the author is jon meacham. nice to have you...
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turmoil in the highest ranks of the military to the looming fiscal cliff that threatens the american economy. tonight, washington is none too happy about being left out of the loop as the fbi investigates the general petraeus sex scandal. >> it's rather shocking to find out candidly that we weren't briefed. >> it would have been nice to know before we saw it on tv. >> the president was certainly surprised when he was informed about the situation regarding general petraeus on thursday. >> meanwhile, the top general in afghanistan allegedly caught red-handed exchanging flirtatious e-mails of his own with jill kelley. plus the debut of my new cnn colleague, the culinary superstar who will dine on anything, anthony bourdain is here. joining me is barbara starr and intelligence correspondent, suzanne kelly. welcome back to you both. every night i say right off the top, can any of us get our heads round this and how much more ridiculous can it get, and lo and behold, it gets more ridiculous. barbara starr, let's try and get to what we believe to be the facts behind all the kind of lurid, titillati
turmoil in the highest ranks of the military to the looming fiscal cliff that threatens the american economy. tonight, washington is none too happy about being left out of the loop as the fbi investigates the general petraeus sex scandal. >> it's rather shocking to find out candidly that we weren't briefed. >> it would have been nice to know before we saw it on tv. >> the president was certainly surprised when he was informed about the situation regarding general petraeus on...
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the economy. many other factors in the president's decision making and wung thing to show in the book is the arc of relationship over time. in 2009, i would say, the military versus the white house. that was the perception in some other sources but the military leaders didn't feel like they were boxing in the president and i think the president learned and the administration has learned is that really we're all in on a broader scale, listen. this is book about strategic leadership and a war chronicle. it's petraeus's intellectual leadership. it's leading through crisis, petraeus is a great model for that. i'm not a spokesperson for him. and if, you know, showing a role model to other people in the world or other readers is a repugnant thing, i'm sorry. i think the values he tries to instill in his organizations are valuable and worth pointing out. >> paula broadwell spent a year with general petraeus in afghanistan interviewing him for that book. >>> much more on that story at the top of the hour.
the economy. many other factors in the president's decision making and wung thing to show in the book is the arc of relationship over time. in 2009, i would say, the military versus the white house. that was the perception in some other sources but the military leaders didn't feel like they were boxing in the president and i think the president learned and the administration has learned is that really we're all in on a broader scale, listen. this is book about strategic leadership and a war...
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economy? 68% said that it would have a major effect. 21% minor effect. 2% said no effect. 10% said they don't know. this is the economy. pew and "washington post" also asked, what effect the fiscal cliff would have on your financial situation, 44% said a major effect. 38% said a minor effect. 9% said no effect. and then they also asked them, by the way, do you know what the fiscal cliff, do you know anything about it? about 26% said they understood it very well. 32% said fairly well. about a quarter said not so well. >> that's a trick question. i don't think even the people involved in creating the fiscal cliff understand it well. >> it's a good point. the fiscal cliff is an accident. it wasn't planned. it's not a planned austerity thing. it's budget things that all happen to expire at the same time that will create havoc. it is very hard to understand. but it is really important. it's probably a good chance it won't happen in its entirety. but if it does, it would be catastrophic. which is wh
economy? 68% said that it would have a major effect. 21% minor effect. 2% said no effect. 10% said they don't know. this is the economy. pew and "washington post" also asked, what effect the fiscal cliff would have on your financial situation, 44% said a major effect. 38% said a minor effect. 9% said no effect. and then they also asked them, by the way, do you know what the fiscal cliff, do you know anything about it? about 26% said they understood it very well. 32% said fairly well....
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. >> even if we go over for two months, does that dip this economy back into recession? >> i don't think so. you can't take the position that i won't go past december 31st or the other side will just take total advantage of that. you have to be willing to 2013 and you have to make every attempt not to do it, but that doesn't mean you roll over and give away the store. >> don't roll over and giveaway the store. we know he's a big obama supporter. he is saying the president should ask for tax increases, not just closing the loopholes but tax increases on the wealthiest americans. >> which include him. >> absolutely. >> here's my question. i've always wondered what this guy makes and if he's in such support of increasing taxes and closing loopholes, i'll mention those twos that affect the wealthy, carried interest, capital gains, if he's a proponent of that, what would that cost him? >> we don't have his current numbers. we know the 2010 numbers. in 2010, warren buffett made $62.8 million. he paid $6.9 million of that on federal income tax, about a 17.4% rate. that's becaus
. >> even if we go over for two months, does that dip this economy back into recession? >> i don't think so. you can't take the position that i won't go past december 31st or the other side will just take total advantage of that. you have to be willing to 2013 and you have to make every attempt not to do it, but that doesn't mean you roll over and give away the store. >> don't roll over and giveaway the store. we know he's a big obama supporter. he is saying the president...
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. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> modern parenting has gone a little nuts. take, for example, donna, a woman in ontario, canada who formally petitioned the city to remove all of the oak trees around her children's school because she's worried about the acorns. according to canadian media, donna is head of the school's allergy committee and she believes the oak trees and the acorns that fall off them are, i'll quote her, not only presenting a risk to the tree nut allergic students but also becoming a great cause of anxiety amongst all students with nut allergies.
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. to take a centrum silver multivitamin every day. i told him, sure. can't hurt, right? then i heard this news about a multivitamin study looking at long-term health benefits for men over 50. the one they used in that study... centrum silver. that's what i take. my doctor! he knows his stuff. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. >>> modern parenting has gone a little nuts. take, for example, donna, a woman in ontario, canada who formally petitioned the city to remove all of the oak trees around her children's school because she's
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. to take a centrum silver...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. aww, not the mall. well, i'll do the shopping... if you do the shipping. shipping's a hassle. i'll go to the mall. hey. hi. you know, holiday shipping's easy with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. yea, i know. oh, you're good. good luck! priority mail flat rate boxes. online pricing starts at $5.15. only from the postal service. >>> welcome back. we start the second half of
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online....
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we are talking about women and the importance that he believes women play in the economy. he had a lot to say about that, and so i asked him what about a woman president in 2016. he said it should be hillary clinton. he has told me he doesn't think there's any more qualified candidate. now, i don't know if she wants the job or not. remember, in 2008 he gave money to both obama ask clinton, so he is a staunch supporter. >> we'll see if he picks up the phone and asks her to run. thank you, poppy. good to see you, as always. >>> coming up, it is ant a clown car. it's a world record attempt. we'll show you how many people can squeeze their way into a mini cooper. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. visit fastreliefchallenge.com (child screaming underwater)... (underwater noises). a regular guy with an irregular heartbeat. the usual, bo
we are talking about women and the importance that he believes women play in the economy. he had a lot to say about that, and so i asked him what about a woman president in 2016. he said it should be hillary clinton. he has told me he doesn't think there's any more qualified candidate. now, i don't know if she wants the job or not. remember, in 2008 he gave money to both obama ask clinton, so he is a staunch supporter. >> we'll see if he picks up the phone and asks her to run. thank you,...
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a lot of people are nervous. >> reporter: no one expects any quick fix for the economy. >> it's big and it's going to take some time and a lot of work, and it would be nice to get at it. >> reporter: but they are more than ready to start building up again just as soon as the other washington settles down and gets back to work. tom foreman, cnn, washington, virginia. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ >>> picture this scenario, it's a middle stages of cyclings greatest race,
a lot of people are nervous. >> reporter: no one expects any quick fix for the economy. >> it's big and it's going to take some time and a lot of work, and it would be nice to get at it. >> reporter: but they are more than ready to start building up again just as soon as the other washington settles down and gets back to work. tom foreman, cnn, washington, virginia. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. washington. jack cafferty is following that in the cafferty file. jack? >> wolf, picture the united states in that convertible at the end of the movie "thelma and louise" as it goes to the cliff. a bit dramatic, but the fiscal cliff is fast approaching. if congress doesn't take action before the end of the year, which is entirely possible, we're going to go right over the edge. it is called a cliff for a reason. if nothing happens, massive taxes and spending decreases kick in. cuts to the pentagon and other domestic program, and as the clock ticks down, there seems to be little common ground between the democrats and republicans. democrats want to raise taxes. republicans want changes to entitlement programs and want to
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. washington. jack cafferty is following that in the cafferty file. jack? >> wolf, picture the united states in that convertible at the end of the movie...
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> former congresswoman gabrielle giffords stood in an arizona courtroom this week and faced the man who tried to assassinate her. her husband, mark kelly, stood by her side as he addressed jared loughner. mr. loughner, you may have put a bullet through her head but you haven't put a dent in her spirit and her commitment to make the world a better place. and despite the dramatic appearance of gabrielle giffords and her husband, nine others testified at the hearing, including congressman ron barber. he won a special election to fill her seat after she stepped down. >> i turned to mr. loughner and said i hold no hatred for you, but i am very, v
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> former congresswoman gabrielle giffords stood in an arizona...
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eastern on the economy. that issue of the economy directly touches on the dysfunction in washington that americans said they hate. they went to bed election night hoping to fix that. speed really matters here. in just seven weeks the bush tax cuts expire, automatic spending cuts agreed to by both parties kick in. we call it the fiscal cliff and even though it's more like the fiscal steep slope it could do some very bad things to the economy. concerns about rolling down it or falling off it or whatever you want to call it have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not hammering out a deal in time. politicians in both parties, they've been sending out mixed signals ever since the election. on the one hand they're talking about common ground. take a look. >> we want our children to live in america that isn't burdened by debt. that isn't threatened by a warming planet. >> the nation as you know is at a critical point. at a time like th
eastern on the economy. that issue of the economy directly touches on the dysfunction in washington that americans said they hate. they went to bed election night hoping to fix that. speed really matters here. in just seven weeks the bush tax cuts expire, automatic spending cuts agreed to by both parties kick in. we call it the fiscal cliff and even though it's more like the fiscal steep slope it could do some very bad things to the economy. concerns about rolling down it or falling off it or...
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from the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not harming out a deal in time. politicians have been sending out mixed signals since the election. on the one hand, they are talking about common ground. take a look. >> we want our children to live in an america that isn't burdened by debt, isn't weakened by inequality. that isn't threatened by the disruptive power of a warming planet. >> the nation as you know is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. >> if t
from the east room on the economy. that touches on the dysfunction in washington that americans say they hate. many think they went to bed to fix that. keeping them honest, not so fast. in seven weeks, the bush tax cuts expire, automatic spending cuts kick in. it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and...
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it could have a potentially disastrous impact on the economy. congress is off but they do come back tomorrow and on friday congressional leaders are expected at the white house. oh, to be a fly on the wall on that one. dana bash is going to be with them. i'm kidding. she is not. it's going to be very closed door. but don't you wish you could be in that meeting and do you think that anything will actually happen? >> oh, of course. because, look, publicly since the election there's been a more conciliatory tone on both sides of the aisle. it's been a basic post election posturing after what really generally is a status quo election. look, it is very cliche, ashleigh, the devil is in the details. democrats say they want to let tax cuts for those making $250,000 or more expire and the president campaigned on that two elections in a row. this time he says he means it. that would mean rates would go up. for the most part, republicans are saying that they may be okay with raising revenue, raising some taxes, but not those tax rates. i want you to liste
it could have a potentially disastrous impact on the economy. congress is off but they do come back tomorrow and on friday congressional leaders are expected at the white house. oh, to be a fly on the wall on that one. dana bash is going to be with them. i'm kidding. she is not. it's going to be very closed door. but don't you wish you could be in that meeting and do you think that anything will actually happen? >> oh, of course. because, look, publicly since the election there's been a...
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> i'm done lemon, here are your headlines. the affair came to light because of an e-mail investigation by the fbi sparked by a complaint of harassing e-mails sent by his biog biographer. east coast residents, some of whom have suffered without power for 12 days waited again saturday for officials to come through on big promises to end the blackout. about 280,000 customers are still without power in the region. and someplaces not expected to get power until tuesday. the director general of britain's public television network is quitting in the middle of a new sex scandal. he took responsibility for a program that wrongly pointed to a politician in a child sex abuse case. a 4.3 magnitude earthquake rattled kentucky this morning. earthquakes are not uncommon for this area, people from ohio to georgia reported feeling the shaking, some more than 300 miles away. a big upset in sports tonight, top ranked alabama boston to a and m, texas am had let 20-0 at
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> i'm done lemon, here are your headlines. the affair came to light because of an e-mail investigation by the fbi sparked by a complaint of harassing e-mails sent by his biog biographer. east coast residents, some of whom have suffered without power for 12 days waited again saturday for officials to come through on big promises to end the blackout. about 280,000...
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maybe long term it would be okay for the economy. but, think about it. if you jump off a cliff, maybe you learn you have the ability to fly or maybe you plunge to your sudden death. if we do fall off the cliff, what is the fiscal cliff? it basically means taxes are going to go up and government spending is going to go down and we could fall into recession. if you look at the way the market reacted on wednesday following the election, the dow dropped 300 points. sort of saying, suddenly the market has to face this fiscal cliff and if we do, we fall off the cliff, it is very bad for our economy. why? because we cannot grow. even though we have all this stimulus in the system pumping money, if the economy can't grow, what does it say for our country? we're just going to be in bad shape. >> so, with the u.s.'s debt situation, though, any way to get around these tax increases? >> i mean, it's tough to say at this point. but if you look at the market reaction, almost shocking. the polls were saying barack obama was so likely to win and then suddenly when the m
maybe long term it would be okay for the economy. but, think about it. if you jump off a cliff, maybe you learn you have the ability to fly or maybe you plunge to your sudden death. if we do fall off the cliff, what is the fiscal cliff? it basically means taxes are going to go up and government spending is going to go down and we could fall into recession. if you look at the way the market reacted on wednesday following the election, the dow dropped 300 points. sort of saying, suddenly the...
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> time for the "ridiculist." tonight, we are adding confusing sweatswirts. that's right, damn you confusing sweatshirts. here's what happened. there was an election the other day, perhaps you heard about it. now this election involved many things, candidates, ballots, wolf blitzer hollering stand by, we have a projection every five minutes or so. the election also involved people known as voters. now, i'm no john king, but from what i understand, voters when voting typically wear what those of us in the mainstream media refer to as clothes. and therein lies the problem. at least in two locations in colorado and florida, you see election officials were reportedly alarmed to see voters showing up in clothing em bla n blazoned with the name mitt, a violation of election laws that prohibit campaigning for a candidate within a certain number of feet from voting booths. the problem? the shirts did not say mitt. they said m.i.t. as in m
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> time for the "ridiculist." tonight, we are adding confusing sweatswirts. that's right, damn you confusing sweatshirts. here's what happened. there was an election the other day, perhaps you heard about it. now this election involved many things, candidates, ballots, wolf blitzer hollering stand by, we have a projection every five minutes or so. the...
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a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion in automatic across the board spending cuts will take effect. half of them will be in defense. half of them will be in nondefense. the congressional budget office, the nonpart sflan body says millions of jobs will be lost, a million next year alone. unemployment will jump to % next year, and, of course, we'll be back in that recession. now, in fairness, suzanne, most thinking people don't think we'll get there, but most thinking people thought we would get a resolution to the debt limit earlier than we did too, so faith in washington doing the right thing is a little bit low, but it does sound
a lot of money is paid out of the economy, and the economy goes from 2% growth right now where it is to about negative 1.5% growth. that would be a recession. as that car gets over that cliff, there will be an average kras, according to the congressional budget office of $3,500 per household in tax increases. this is the spending cuts. this is the bush tax cuts going away. this is the alternative minimum tax patch going away, the payroll tax holidays. $3,500 per household increase. $109 billion...
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we have a i havery resilient economy. the fact that they can't get along for the month of january is not going to torpedo the economy. >> reporter: and, fredricka, i also talked to him about that meeting that the president had today with ceos from american businesses and, look, he told me, i think the president needs to take a very hard line in this second term when domes to these negotiations over the fiscal cliff and over taxes. >> and, in fact, as we talk about taxes, you know, buffett is known for supporting higher taxes for wealthy people, just like himself. you asked him some very tough specific questions about what he thinks wealthy people should pay. what did he say? >> reporter: you know, i'm having a hard time hearing you -- you know, i asked him point blank for some specifics on especially capital gains taxes when it comes to investments and the -- on the profit from investments. we wanted specifics from him and here's what he said. are you saying there is no taxation level that is too high? whether it is capit
we have a i havery resilient economy. the fact that they can't get along for the month of january is not going to torpedo the economy. >> reporter: and, fredricka, i also talked to him about that meeting that the president had today with ceos from american businesses and, look, he told me, i think the president needs to take a very hard line in this second term when domes to these negotiations over the fiscal cliff and over taxes. >> and, in fact, as we talk about taxes, you know,...
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we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reform. >> so what will that mean? christine romans is our business correspondent and host of "your bottom line." so, we're two months away from the bush tax cuts expiring and that means? >> that means they're open to additional revenue via tax reform. they got to move quickly. it means you now are seeing in this first day after the election you're starting to see the different parties begin to talk. and, carol, the senate majority leader harry reid said it's more fun to dance than to fight. so it looks as though we're beginning these discussions. look, no one wants to go off of the fiscal cliff. it is big. it is serious. but politics have stood in the way until now. it looks like they're starting to begin to figure out how to put those politics aside. we talked to austin goolsbee, used to advise
we can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reform. >> so what will that mean? christine romans is our business correspondent and host of "your bottom line." so, we're two months away from the bush tax cuts expiring and that means? >> that means they're open to additional...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. at meineke i have options... like oil changes starting at $19.95. my money. my choice. my meineke. >>> here's a look at this hour'
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese....
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for some china's booming economy has been music to their ears. for others the tune has turned more somber. life in a rundown neighborhood so close to the riches of the new china that they could reach out and touch it almost. >> translator: we came to work in the city. >> reporter: and he his wife had followed the china dream to beijing. this is where they live in a tiny one-room house with their baby son. there is room for a bed. barely anything else. for them it isn't cheap. >> translator: back in 2009 when we first came to beijing, the house rent was a bit more than about $15 a month. now it is five times that. >> reporter: inflation has hit the poor hard. >> translator: prices are high. our daily expense is high. it is the same back in hometown. everything is expensive. it's not easy to save money. >> reporter: like minimum, they dream of a better life, a bigger house, and hopes for her son. >> translator: he doesn't want a bigger house, but have you to work hard. he has to work hard. i don't have any income. just stay home and take care of th
for some china's booming economy has been music to their ears. for others the tune has turned more somber. life in a rundown neighborhood so close to the riches of the new china that they could reach out and touch it almost. >> translator: we came to work in the city. >> reporter: and he his wife had followed the china dream to beijing. this is where they live in a tiny one-room house with their baby son. there is room for a bed. barely anything else. for them it isn't cheap....
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in 1996 and 2000 the economy was much stronger. there were no major wars or other international issues to worry about. concern went up sharply in 2004 following the 9/11 attacks and again in 2008 with the iraq war still going on and the country entering a great recession worse than the -- the worst we've had since the great depression. this time around it's hard to even pinpoint all the worries that are facing voters. of course the economy, high unemployment at the top of the list for many, but there's also obama care, our staggering annual trillion-dollar deficits plus $16 trillion in national deb debt, the looming fiscal cliff and what to do about tax increases and/or cuts in entitlement programs and other government spending. as for the international hot spot, take your pick, libya, showdown between iran and israel and syria. why would the voters say this election matters more than most? go to cnn.com/caffertyfile. you can post a comment on the blog there. or you can go to our post on the "the situation room" facebook page. i gu
in 1996 and 2000 the economy was much stronger. there were no major wars or other international issues to worry about. concern went up sharply in 2004 following the 9/11 attacks and again in 2008 with the iraq war still going on and the country entering a great recession worse than the -- the worst we've had since the great depression. this time around it's hard to even pinpoint all the worries that are facing voters. of course the economy, high unemployment at the top of the list for many, but...
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> now is your chance to talk back on one of the big stories of the day. the question for you this morning, should general david petraeus have resigned? general petraeus famously disciplined, respected and admired by both democrats and republicans. a rare creature, indeed. maybe that's why so many are asking why. not why the general cheated on his loyal wife of 38 years, but why he chose to resign over a fleeting, tawdry affair? one the fbi says was not criminal and was not a security risk. cnn political analyst david gergen who knows the general and his mistress says we ought to understand petraeus's humanness and appreciate that. and gergen added, remember, many great men have cheated. >> i would hope people would remember there have been other great leaders in this country. remember president eisenhower when he was general eisenhower and kay somersby and how important that was to him. franklin roosevelt and lucy mercer. how imp
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. >>> now is your chance to talk back on one of the big stories of the day. the question for you this morning, should general david petraeus have resigned? general petraeus famously disciplined, respected and admired by both democrats and republicans. a rare creature, indeed. maybe that's why so many are asking why. not why the general cheated on his loyal wife of 38...
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. >> clearly the deficit is a drag on our economy. and we can't continue to spend money that we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. this is his opportunity to lead. >> any word from the speaker, every word from the president being analyzed for hidden meanings. here's a quick snapshot. >> when he is not willing to negotiate on is raising taxes on the wealthiest americans. and that is where the battle lines will be drawn. >> the president's language is important. his words, i'm not wedded to every detail. i'm open to compromise. open to new ideas. but we are not going to do something that doesn't deal with the tax cuts. >> i think the tone of this is pretty good especially from the speaker this morning when he said, you know, i'm not going to box myself in. and i don't want to box the president in. >> let's get straight to our own kate bolduan, she's here with an excellent, excellent panel. >> excellent, excellent. i lik
. >> clearly the deficit is a drag on our economy. and we can't continue to spend money that we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. this is his opportunity to lead. >> any word from the speaker, every word from the president being analyzed for hidden meanings. here's a quick snapshot. >> when he is not willing to negotiate on is raising taxes on the wealthiest...
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we have to make sure that taxes don't go up on middle class families and that our economy remains strong and creating jobs and that's an agenda that democrats and republicans and independents, people all across the country share. our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises and build some consensus to do the people's business and what folks are looking for and i think all of us agree on this is they want to see that we are focused on them and not focused on our politics. my hope is this is a fruitful process where we will come to agreement that will reduce our deficit in a balanced way. i want to thank the leadership for coming and with that wool get to work. thank you very much, everybody. wait, wait, excuse me, there is actually one other point that i wanted to make. that is that my understanding is tomorrow's speaker boehner's birthday, so for those of you who want to wish him a happy birthday, we will -- we're not going to embarrass him with a cake because we didn't know how many candles were
we have to make sure that taxes don't go up on middle class families and that our economy remains strong and creating jobs and that's an agenda that democrats and republicans and independents, people all across the country share. our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises and build some consensus to do the people's business and what folks are looking for and i think all of us agree on this is they...
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hopefully those will give us an update on how the economy is doing. maybe even draw ra tension away from the gridlock that we are seeing in washington over the fiscal cliff. >>> okay. add one more to the list. toys "r" us othering early on thanksgiving night at 8:00 p.m. eastern. it's an hour earlier than last year. the retailer says it's focusing on electronics sales including its own tablet devices for kids. target and walmart are following suit, opening earlier on thanksgiving night this year, as well. black friday, soledad, oh, so yesterday. it's thursday now. >> what is that brown thursday? crazy. >> i would never do that. tiki i'm going to ask you about the giants this weekend. i'm gonna. got to move on. still ahead this morning on "starting point," with national security ever put at risk because of general petraeus' affair. a talk with retired general spider marks who's known general petraeus since high school. and jeff gordon did you see this brawl? completely out of control. you know, he is throwing punches. which i have to say he's kind of a
hopefully those will give us an update on how the economy is doing. maybe even draw ra tension away from the gridlock that we are seeing in washington over the fiscal cliff. >>> okay. add one more to the list. toys "r" us othering early on thanksgiving night at 8:00 p.m. eastern. it's an hour earlier than last year. the retailer says it's focusing on electronics sales including its own tablet devices for kids. target and walmart are following suit, opening earlier on...
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some were talking about the economy. others were talking about so landra and may have created too much noise. >> too many messages. let me jump in because, you know, we hear about the billionaires and people wanting to -- the game changers shelling out the money to try to defeat barack obama. they lost. here's what i want to know. are they angry? >> safe to say that there's soul searching begin on right now. >> soul searching. >> and i think that, you know, donors have indicated they wanted to know really what kind of return they're getting on the investment. a major donor said to us yesterday, you know, he's questioning the strategy of putting so much money in ads. >> who are they questioning? who are they soul searching with? >> well, clearly, the strategists who run the -- ran the groups. karl rove being one of them are having to answer a lot of questions today. and i do think that a lot of these donors while seems like $5 million is a lot of money to us, it's really, really a small investment for them so for some of
some were talking about the economy. others were talking about so landra and may have created too much noise. >> too many messages. let me jump in because, you know, we hear about the billionaires and people wanting to -- the game changers shelling out the money to try to defeat barack obama. they lost. here's what i want to know. are they angry? >> safe to say that there's soul searching begin on right now. >> soul searching. >> and i think that, you know, donors have...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. shopping fdon't wait. coverage? open enrollment ends december 7th. now's the time to take action. call unitedhealthcare today. >>> same-sex marriage is making more historic strides this week. you saw washington, maine, and maryland approve marriage for same-sex couples here in the united states. the momentum also in france as well. the french cabinet approved a bill that would give same-sex couples the right to marry and adopt children. it's a decision that is backed by 65% of the population according to a leading french newspaper. many in the catholic church, hundreds of lawmakers, as well, are against it. the bill goes before the national assembly for a vote early next year. >>> smoking marijuana for a recreational use now legal in washington state and colorado. well, did you know medical marijuana has been
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. shopping fdon't wait. coverage? open enrollment ends december 7th. now's the time to take action. call unitedhealthcare today. >>> same-sex marriage is making more historic strides this week. you saw washington, maine, and maryland...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ . >>> it takes an extraordinary fifteen-year-old girl to have the united nations name a day after her. well, malala yousufzai has done just that. she is the pakistani teen targeted by the taliban for helping girls get an education. today, two million people are around the world trying to help continue her fight as she continues to heal. how is the brave teen doing today? here is cnn's dan rivers. >> reporter: it is staggering to see malala yousufzai out of bed with her father looking through some of the thousands of get well cards she has received. it is exactly a month since she was shot at point-blank range by taliban gunmen for her campaign for girls
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ . >>> it takes an extraordinary fifteen-year-old girl to have the united nations...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue. >>> we wrap it up as always with best advice. and today from miss america laura kepler. >> i think two pieces of advice that sort of go hand in hand. one not let your past define the possibilities through your future but through that appreciating your past and appreciating where you come from and embracing that to help that become the woman i have become. >> good advice. and that's "early start" for a monday. i'm alina cho. "starting point" with soledad o'brien starts right now. >>> morning, welcome, everybody. our starting point this morning, the scandal rose. quest
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue....